PlainBillCongress, translated.Legislation. Context. Public interest.Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Congressional Research Service
Version 07 · Reported to House · Feb 20, 2026
Small Business Lending Fraud Prevention Act
This bill requires Small Business Administration (SBA) employees who participate in the origination, review, or approval of SBA loans to certify in writing prior to such participation that the employee
does not have any conflict of interest with respect to the loan,
will disclose any such conflict of interest arising after the certification is made, and
understands the requirements with respect to conflicts of interest applicable SBA employees.
Under current law, federal employees must disclose financial conflicts of interest with respect to a particular matter and recuse themselves from such matter (with limited exceptions upon authorization from the employee's agency designee).
The SBA must issue regulations implementing the requirements of this bill.
People & committees
Rep. Meuser, Daniel [R-PA-9] · R–PA
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 415 - 0, 1 Present (Roll no. 225).
House roll call 225 · Individual votesPassed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 415 - 0, 1 Present (Roll no. 225).
House roll call 225 · Individual votesConsidered as unfinished business. (consideration: CR H4226-4227)
At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Williams (TX) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.
DEBATE - The House proceeded with forty minutes of debate on H.R. 7401.
Considered under suspension of the rules. (consideration: CR H4140-4141; text: CR H4140)
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Placed on the Union Calendar, Calendar No. 426.
Reported by the Committee on Small Business. H. Rept. 119-500.
Reported by the Committee on Small Business. H. Rept. 119-500.
Ordered to be Reported by the Yeas and Nays: 24 - 0.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Small Business.
Introduced in House
Introduced in House
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
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Analyze H.R.7401 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine H.R.7401 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
Examine H.R.7401 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
Examine H.R.7401 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.